UBS may set up a cryptocurrency fund

On February 11, the asset management arm of UBS, one of the world’s largest hedge fund investment institutions, has launched due diligence on crypto investment portfolios, aiming to further study digital asset investments. In recent months, UBS has been researching digital assets through its hedge fund division, Hedge Fund Solutions, and is expected to build a digital asset portfolio or set up a fund dedicated to cryptocurrencies, but the above plan has not yet been determined. UBS A spokesman for the group also declined to comment on the matter. (Blockworks)